Sadly, the majority of respondents to the super poll don't realise wealth isn't created by dividing it.....
If you or this other person wanted to move assets into superannuation in the years before retirement, they can. The bring it forward rule allows $450,000 of assets to be non-concessionally moved into a SMSF in a three year period. Non concessional meaning these are after-tax or existing assets and not new income like salary. That way all (or a portion if they've done well and have more than $450K) the bank accounts bearing interest and (within rules) securities bearing dividends can end up in super in the immediate years before retirement and then pay no tax in retirement and the super is in pensions phase. All it takes is involvement for one to benefit. One of the beautiful things about super is its' tax treatment. It isn't oppressive (called progressive by govt) and sliding but equal. Unfortunately it allows ideologue thieves like Gillard/Swan to argue that the rich get 'benefits' or 'relieve from tax obligations' because they choose to participate in a lower tax treatment of their assets. Edit Went looking for a random reference of the bring it forward rule, this has an adequate description. http://www.superguide.com.au/boost-your-superannuation/bring-forward-rule-10-facts
